GCB Bank Limited (+2.63%) advanced for the second straight session on the back of bullish sentiment ahead of its earnings release. Consequently, the financial index increased by 3.58 points (+0.17%) to close at 2,133.28 with a -0.95% year-to-date return.
Total Petroleum Ghana Limited (+12.83%) also recorded a gain at the session due to robust 2018 full year earnings growth to close with a 50.00% year-to-date return.
The benchmark index moderated by 2.98 points (-0.12%) to close at 2,459.59 with a -4.38% year-to-date return while market capitalization settled at 59.80 billion.
Manufacturing stocks closed flat for the seventeenth straight session as investors continued to focus on financial stocks. Consequently, the SAS Manufacturing Index closed at 4,647.26 with a -0.13% YTD return.
Trading value weakened, with 504,547 shares valued at GH¢571,261.52 changing hands from 44,165 shares valued at GH¢39,120.28 at the previous session. Enterprise Group Limited (EGL) dominated trades by both volume and value, accounting for 41.74% of total volume traded and 82.71% of total value traded.
We expect trading activity to increase while companies release 2018 full year earnings results.
2018 Full Year Earnings Season - Highlights
Gainers & Losers
Top Trades by Volume